B&M Homestore has secured new shop premises at the former Co-op store in Academy Street, Forfar, creating 40 jobs for the town.
The store opened on Thursday in the 28,000-square feet store which was formerly The Abbeygate.
B&M now trade from 336 stores compared to 20 stores only six years ago. In the last three years it has been opening an average one new store every week. The company is now one of the UK’s largest retailers with 2.5 million shoppers per week. It employs over 13,000 staff.
Carl Allen, Operations Director said: “What is amazing about our growth is that it has been secured just through word of mouth. The secret to this is very simple – we sell branded products at discounted prices. The shopping public are obviously voting with their feet. We have been waiting for an opportunity in Forfar for three years and are delighted to have secured this site.”
B&M sells a wide variety of 10,000 different products. It sells keenly discounted everyday essentials such as groceries, toiletries and confectionary. The new store’s key strengths are in paint, soft furnishings, home wares and gardening goods. The company has been recognised as one of the top 100 fastest growing private companies in the UK by the Sunday Times Fast Track 100 ranking.
The opening of the Forfar store and the creation of 40 jobs has been welcomed by Mrs Isobel Ross, chairman of Forfar Community Council.
She said: “This is good news for the town, in particular on the jobs front. I don’t care if the jobs are full or part time, as long as it’s money coming into the town. The premises are being used, they are not lying there to disintegrate. I think this is an asset to the town. This is a big investment for the east end.”
The new store site near Newmonthill which is also undergoing a major housing investment. Now Mrs Ross would like to attention turned on three sites in the town - The Royal Hotel, The Vollunteer Arms and the Pavilion in Queen Street. She continued: “Two of thede are in the town centre and we really have to get something done with them.”